My Name is Paul H Cosentino. I started this Blog in 2011 because of what I believe to be wrongdoings in town government. This Blog is to keep the citizens of Templeton informed. It is also for the citizens of Templeton to post their comments and concerns.

Paul working for you.

Tuesday, April 25, 2017

Financial Information for Tonight's Audit Meeting

Financial Information for Tonight's Audit Meeting

At last night's selectmen meeting, the financial team presented the 3rd Quarter Report. That information is available HERE.

The last 17 pages of this report include the most up-to-date Budget vs. Actual Report. 3rd Quarter means most accounts should be expended at 75%. There are exceptions.

There are some interestingfigures included in this report.

On page 1of 17, the Reserve Fund is showing a balance of $47,500 which does not seem to reflect the transfer to vehicle maintenance account.

On page 3 of 17, the Fire/EMS department expenses expended by 84.98 % reflect the concern of the Account in the 3rd quarter financial update.

On page 4 of 17, the Snow & Ice account has been overspent by $108,987.74 or 187.19 %.

On page 6 of 17, Principal on Long Term debt is expended by 87.84 % ; Unemployment is expended at 80.97 %; and Group Insurance is expended at 84.02 %.